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U.S. employment numbers were solid for the month of November.
The unemployment rate stayed steady at 5 percent and 211,000 new jobs were added nationally, according to new data from the Bureau of Labor Statistics.
From October to November, the number of people who were unemployed and the unemployment rate were essentially unchanged.
The numbers were “somewhat stronger than expected,” Forbes reports. “Economists were anticipating 200,000 payroll additions in November and for the unemployment rate to remain the same.”
Nearly 8 million people were unemployed in November, down 1.1 million year over year.
The data “painted a picture of an economy that is growing steadily and creating jobs at a healthy pace, even as wage gains remain subdued and many Americans are still stuck on the sidelines of the recovery,” according to The New York Times.
